Growth equity investment firm FTV Capital has held the close of FTV VII, its seventh and largest fund, oversubscribed at its hard cap of USD2.3 billion in capital commitments. The firm will continue its successful 24-year track record of investing in innovative, high-growth companies across the enterprise technology, financial services and payments landscapes.  This new fund provides FTV flexibility to make control and significant minority equity investments, often as the first institutional investor, generally ranging from USD30 to USD200 million that align with the objectives of company management teams to accelerate growth and expansion. With the close of FTV VII,

Investment firm, Certares Management, dedicated to the travel, tourism and hospitality industries, is looking to raise between USD5 billion and USD6 billion for a new PE fund, Certares Holdings II LP, according to a report by Bloomberg. The New York-based firm may hold a first for close the fund as early as next month at USD1 to USD2 billion and is currently in talks with institutional investors.

Future Planet Capital, an international venture capital and impact investor, has closed a new EUR20 million Blue Ocean mandate aimed at tackling key issues affecting the world’s oceans. The mandate, which Barclays Private Bank helped implement, will be partnered with the Prince Albert II of Monaco Foundation and the Monaco Government in the context of the Monaco Blue Initiative (MBI) and in the framework of the Monaco Ocean Week, at the end of March. Managed by Future Planet Capital’s experienced investment team, including Ed Phillips, Partner and Head of Origination, and Lyle Pentith, Portfolio Manager, the Blue Ocean mandate will

Earth Venture Capital (EVC) a global venture capital investor investor focused on digital solutions to tackle climate change has successfully closed its first fund. The fund is building a pipeline of early-stage startups which align with its investment strategy, on a global scale. The average ticket size ranges between USD500,000 and USD3 million. With a team of experienced investors and tech entrepreneurs, EVC hunts for startups working on applicable technologies to provide scalable solutions to solve climate challenges, including abandoning fossil fuels, switching to renewable energy, and planting more trees. In addition, with the goal of accelerating innovation within the

Advent International is on course to finish fundraising for its 10th flagship buyout fund at USD23 billion next month, according to a report by BuyoutsInsider. A report by Massachusetts Pension Reserves Investment Management, which is committing USD350 millions cited as the source of the information, while the Wall Street Journal says that Advent expects fundraising to hit an under limit of USD25 billion.  Even at the lower figure, Fund X would be the largest in the Advent’s 38-year history, some 31 per cent bigger than it’s predecessor fund which closed in 2019.

NIO Capital, a Chinese investment firm focused on decarbonisation and digitalisation, has held the successful final closing of NIO Capital’s flagship fund, Eve ONE Fund II at approximately USD400 million. The fund was oversubscribed and quickly surpassed its original target fund size and hard cap. Notably, this Fund has nearly doubled the capital commitments of its predecessor fund, NIO Capital Eve ONE Fund LP, which held its final closing in 2019. With its comprehensive platform of strategies, NIO Capital supports emerging founders and innovative technologies across the company life cycle. Despite various fundraising limitations and challenges arising from the Covid-19

Frontenac, a Chicago-based private equity firm, has closed its 12th fund, consisting of USD520 million of limited partner commitments. The fundraise for Frontenac XII was significantly oversubscribed, exceeding its target of USD425 million based on strong support from existing limited partners and the addition of several new investors including endowments, foundations, multi-manager funds, consultants, pension funds and family offices.   Frontenac focuses on lower middle market buyout transactions in the consumer, industrial, and services industries. Through its proactive, thesis-driven and executive-centric approach – known as CEO1ST investing – the firm seeks to identify business leaders and business owners who want

A new venture capital fund which will invest in startup companies is developing tech that could be used in the automotive/mobility industries, has been launched by car maker Stellantis, according to a report by Reuters. The company has allocated an initial EUR300 million for investment by Stellantis ventures in both early- and later-stage companies with a focus on sustainability, in-vehicle tech, and vehicle marketing, sales and finance.

Neuberger Berman is creating a ‘next generation’ SPAC platform having closed its latest fund – the Neuberger Berman Opportunistic Capital Solutions Fund – with USD1.95 billion in capital commitments following a private investment from CC Capital, according to a report by AlternativesWatch. Neuberger Berman and CC Capital are to co-sponsor a series of SPACs with the fund entering into a USD200 million forward purchase agreement with each one. As well as scaled capital, the CC Neuberger SPAC structure, offers companies access to up to USD300 million in backstop capital, which Neuberger Berman says makes deals more likely to reach closure.